Investor protections and market conditions are central to an FSC assessment of potential crypto-exchange involvement in South Korea’s security token offering (STO) market.
The review also considers how licensing systems could accommodate exchange participation and whether a firm could provide STO services while operating other businesses. The FSC chairman backed drawing on exchanges’ technical capabilities and trading systems to develop the token-securities market.
The review has not cleared any exchange to offer STO services. The review will also examine how licensing could accommodate exchange participation and other business activities.
